Terrible News -- the November Job's report was very strong

How meaningful are figures like this in a fake economy ?

 

Interest rate hikes don’t fix supply side problems? Who knew?

 

Smallest job increase all year.
Only good relative to expectation.
Wait for 2023 layoffs to hit the fan.

 

Lol, 263k jobs with an unemployment rate at 3.7% is bad? How many jobs do you think should be added in those circumstances?

 

Heaven forbid we get any positive news on the economy when the "other" party is in power (cuts both ways).

 

Yeah, inflation will subside when supply starts to meet demand. The Fed is trying to make it so that demand reduces enough to meet supply. I think the idea that the Fed would continue to raise rates beyond what it already has is nuts. There's already lots of indications that inflation is subsiding in housing and energy.

 

As opposed to a real economy?

 

Resident libbies smarter than the fed….wow.

 

I think inflation is fairly transitory here. We are already seeing it moderating. It will be at a 2 to 3 percent rate by spring if nothing crazy happens in the world. I wonder how much cryptos collapse is moderating inflation. lol

 

Aren’t our resident libbies smarter than everyone?

 

Recent headline ...

41% of small businesses say they can’t pay their November rent.

comment: s***, meet fan

 

You just can’t stand good news when the other party is on charge, can you, yet probably consider yourself more “patriotic” than the libs on here. Good grief.

 

Some would argue that we never really recovered from 2008. That spans, what ? Four administrations ?

 

I have come to the conclusion that the "opposite" sides in this forumn would prefer nuclear annhiliation compared to the horror of one party or the other actually doing something that benefits the majority of Americans.

Pretty sad, IMO.

 

Who exactly would argue that when we went through the longest (albeit not largest) economic expansion in US history from post GFC through the Covid lockdowns, and then largely (certainly in the equities and housing markets) recovered from those lockdowns within a year?

 

Someone prefers to deny reality.

Reminds me of what the former president said in 2016 when he was a candidate at the time. He also called the labor market data fake. After he took office in 2017, the positive data from the same source (the Bureau of Labor Statistics) calculated using the same methodology suddenly became real and credible.

 

How meaningful are figures like this in a fake economy ?